Union Home Loan Acquires Mixed-Use Property On San Benancio Road In Salinas For $1.065M
FINANCED
$1,065,000
California
See Similar DealsMixed-use8,580 SF
Financed 09/08/2023
FINANCED
Union Home Loan Acquires Mixed-Use Property On San Benancio Road In Salinas For $1.065M
350 San Benancio Rd Salinas, CA 93908, USA
See Similar DealsMixed-use8,580 SF
Financed 09/08/2023
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$124
Total Square Footage:8,580 SF
Transaction Type:Loan
Located at 350 San Benancio Road in Salinas, this mixed-use property spans 8,580 square feet. The asset consists of a horse ranch facility and a single-family residence, offering versatile opportunities for potential buyers.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,065,000
- Date: 09/08/2023
- Address: 350 San Benancio Road
- Market: Salinas
- Asset Size: 8,580 square feet
The loan for this property was secured through Union Home Loan, Inc. The lender provided a bridge loan with a 24-month term. This financing option was specifically tailored for the horse ranch facility and mixed-use single-family residence. In this transaction, Jennifer Lopez of United Finance & Investments Inc represented the borrower as the broker. Working closely with the lender, Lopez facilitated the loan process effectively to meet the client's needs.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,065,000.00
Monthly NOI$7,100.00
Monthly Debt Service$6,731.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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